Update on Proposed Scheme of Arrangement
NZX Statement 15 October 2025
Update on proposed scheme of arrangement (“Scheme”)
Bremworth Limited (NZX: BRW) announced on 2 October 2025 that it had entered into a
Scheme implementation agreement (“SIA”) with Floorscape Limited, while also noting that
the SIA remained subject to a number of conditions including shareholder approval, High
Court approval, New Zealand Commerce Commission clearance, Australian Competition and
Consumer Commission (“ACCC”) approval and an IRD ruling on the tax implications of the
associated capital return.
Bremworth is pleased to announce that the ACCC has confirmed that it does not intend to
conduct a public review of the Scheme and/or take action to oppose the Scheme. This
satisfies the ACCC condition under the SIA.
Subject to satisfying the remaining conditions, Bremworth and Floorscape are continuing to
target completion of the Scheme in H1 2026.
Bremworth shareholders do not need to take any action at this stage.
-ENDS-
For media enquiries, please contact:
Mark Devlin
Impact PR (for Bremworth Ltd)
M: +64 21 509 060
Rob Hewett
Bremworth Ltd
M: +64 21 341 744
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- CVT — Comvita Limited: Comvita Scheme Booklet and Notice of Meeting2025-10-14
“announced and such Competing Proposal is completed within 12 months of the Scheme Implementation Agreement being terminated; (b) the Scheme is not implemented and at any time before the Scheme Implementation Agreement is terminated any Director: fails to…”
- BRM — Barramundi Limited: BRM – Notice of issue of securities - 19 December 20252025-12-18
“Capital Change Notice BRM – Notice of issue of securities Section 1: Issuer information Name of issuer Barramundi Limited NZX ticker code BRM Class of financial product Ordinary shares ISIN (If unknown, chec…”
- BRM — Barramundi Limited: BRM – Notice of issue of securities - 26 September 20252025-09-25
“Capital Change Notice BRM – Notice of issue of securities Section 1: Issuer information Name of issuer Barramundi Limited NZX ticker code BRM Class of financial product Ordinary shares ISIN (If unknown, chec…”